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Nov 29, 2012
11/12
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. >>> "today" as the fiscal cliff looms are investors taking a gamble in nevada? >> there's not a lot of confidence out there now. rise above road trip, continuing coverage throughout the day on cnbc. >> welcome back to "squawk on the street," as we count down to the breaking news due out at the top of the hour, impending home sales are down. the price target now stands at 16 bucks a share, they are optimistic as we come to the january launch of blackberry. don't take into account the positive tail wind that blackberry will have. we have had a number of analysts out there recently who have raised their price targets as well as estimates and ratings. >> okay, let's get some breaking news now, on home stats. >> good morning, simon, we're here outside bankruptcy court in white plains new york for the latest in the saga of the hostess bankruptcy. liquidation, now the courtroom is reconvening to hear arguments about whether some 19 hostess executives should be getting a retention payout of $1.75 million, these so called bankruptcy bonuses. the interest is not necessari
. >>> "today" as the fiscal cliff looms are investors taking a gamble in nevada? >> there's not a lot of confidence out there now. rise above road trip, continuing coverage throughout the day on cnbc. >> welcome back to "squawk on the street," as we count down to the breaking news due out at the top of the hour, impending home sales are down. the price target now stands at 16 bucks a share, they are optimistic as we come to the january launch of...
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Nov 30, 2012
11/12
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in nevada they made up 40% of october sales up from 34% a year ago. that according to lps home price index. now bank of america alone has done over 100,000 short sales so far this year. and i spoke to a rep there who says they are well aware of the potential looming tax risks as are their customers. they say they would love to ramp up short sales but they're already doing them as fast as they can. i ask what happens if the tax relief is not extended? the source told me i would expect we start to get more customers saying i've talked to my tax adviser and i'm going to opt out of that short sale and we'll just take it to foreclosure. and, carl, that is exactly not what we want to hear as this housing recovery is really just gaining steam. >> wow. in your opinion diana would we start to see that, the impact in sales of existing and starting in january? >> well, starting in january you would start to see those short sales go away and that would mean more homes would go to foreclosure. short sales have really been saving this market keeping people out of f
in nevada they made up 40% of october sales up from 34% a year ago. that according to lps home price index. now bank of america alone has done over 100,000 short sales so far this year. and i spoke to a rep there who says they are well aware of the potential looming tax risks as are their customers. they say they would love to ramp up short sales but they're already doing them as fast as they can. i ask what happens if the tax relief is not extended? the source told me i would expect we start...
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Nov 19, 2012
11/12
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here in arizona, a full 50% of houses are underwater, and next door in nevada, it's even worse. 65% of houses there are drowning, and the water's rising. and it's not just the southwest. more than 11 million homeowners across the country are underwater. it's estimated that number could double in the next year, which means nearly half of all american mortgage holders will owe more on their homes than those homes are currently worth. >> we've been through an event that none of us have ever experienced in this country since the depression. >> to try to stem the tide of foreclosures, the commissioner of the federal housing administration, david stevens, says the obama administration has set aside billions to give banks the incentive to help struggling and underwater borrowers with their mortgages. but banks have been slow to modify the terms of those loans. >> the fact of the matter is, these programs are designed to affect those who are most at risk, who are unable to make their payments, and it does require the investor, the servicer, to participate. >> the decision to walk away from the
here in arizona, a full 50% of houses are underwater, and next door in nevada, it's even worse. 65% of houses there are drowning, and the water's rising. and it's not just the southwest. more than 11 million homeowners across the country are underwater. it's estimated that number could double in the next year, which means nearly half of all american mortgage holders will owe more on their homes than those homes are currently worth. >> we've been through an event that none of us have ever...
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Nov 15, 2012
11/12
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if you're talking about phoenix or nevada, that may be true. >> sales are improving. starts bottomed, construction industry is hiring more people. we're a long way from where we were in 2006 but there's definite signs of bottom coming off the market. >> i don't see it yet. >> the fed chairman said we weren't out of the woods. we'll leave that debate where it is for a moment. rick san tell sli in chicago. >>> thank you very much. if you look at intraday of 10s, we're only a basis point under unchanged but well off our high yields of the day. a lot of this is israel. might not be affecting oil but it is most definitely affecting traders and safe harbor trades. looking at august chart, can you clearly see where two-month low yields on the verge of maybe three. same could be said for the 30-year long bond. now let's switch gears a bit. when it comes to what's going on in the marketplace, maybe we better pay a whole lot of attention to what's going on with the dollar/yen. the dollar's rallied almost 2.5% just in the last two days. you could clearly see these are the best l
if you're talking about phoenix or nevada, that may be true. >> sales are improving. starts bottomed, construction industry is hiring more people. we're a long way from where we were in 2006 but there's definite signs of bottom coming off the market. >> i don't see it yet. >> the fed chairman said we weren't out of the woods. we'll leave that debate where it is for a moment. rick san tell sli in chicago. >>> thank you very much. if you look at intraday of 10s, we're...
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Nov 29, 2012
11/12
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he wants to make sure it doesn't kill nevada's fledgling recovery. later gillman takes it to a 30,000-acre industrial park he's built for facilities for walmart and toys "r" us. he says when it comes to the fallout for fiscal cliffing he says, quote, this is where the buck stop zmienlts know of anyone who doesn't like harry reid. he must be a great senator for people in nevada. >> he takes care of the state. >> it's a small state and he's very powerful and he looks out for nevada and that's why you have republicans say they don't agree with him but they like what he does -- >> were you comfortable sashaying in there, jane? >> this isn't my first rodeo. you know, actually once in the '80s -- well, i'm dating myself. i posed as a prostitute for a story in miami and i was on the street of biscayne bay and nobody would stop. it was very embarrassing. >> you didn't touch anything while you were there, did you? i saw you sort of -- >> i was not like that. no, no. it was very pleasant. they were professional. >> all right. never mind. you were very comable.
he wants to make sure it doesn't kill nevada's fledgling recovery. later gillman takes it to a 30,000-acre industrial park he's built for facilities for walmart and toys "r" us. he says when it comes to the fallout for fiscal cliffing he says, quote, this is where the buck stop zmienlts know of anyone who doesn't like harry reid. he must be a great senator for people in nevada. >> he takes care of the state. >> it's a small state and he's very powerful and he looks out for...
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Nov 6, 2012
11/12
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the one place you might want to look here, nevada, florida, north carolina and virginia. those are all potentially in play because they had some improvement in the unemployment rate and if that had not been there, they might have been for romney. i would like to give you a definitive answer. you have the level of unemployment and you have the change. that's what makes this a horse race, simon. >> it's fascinating to see that the way you slice and dice going into the election whether it's turnout or amazing. steve, thank you very much. as the race for the presidency enters its final lap, what about concerns of small businesses? we'll put them on the television next going straight to the source and sitting down with co-founder and co-ceo of warby parker. they make glasses online and they'll open the first store in manhattan very soon. see what they have to say. interesting take. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back in
the one place you might want to look here, nevada, florida, north carolina and virginia. those are all potentially in play because they had some improvement in the unemployment rate and if that had not been there, they might have been for romney. i would like to give you a definitive answer. you have the level of unemployment and you have the change. that's what makes this a horse race, simon. >> it's fascinating to see that the way you slice and dice going into the election whether it's...
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Nov 2, 2012
11/12
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they realize that if they carry ohio, wisconsin, nevada, that mitt romney cannot get to 270 electoral votes without taking a very, very unlikely state away. so this is a very important place, just as ohio is important to president obama, and the closing argument that mitt romney is making is the one that has been his go-to for the entire year, which is look at the record, look at what barack obama said he was going to do, look at what he's done while the president is trying to make a recovery case, we're on the right track, the mitt romney argument is we haven't gotten where we need to go and he's going to be making that all weekend. >> people on the floor trying to look at the effect of the storm and the recovery on tuesday. is it possible that because in the northeast states that are normally blue, have lower turnout, the president actually does win on the electoral vote but the governor wins on the popular vote? >> reporter: that is possible. it's very -- you have to say it's very unlikely by looking at history at how few times that's happened. but we have an extremely close popula
they realize that if they carry ohio, wisconsin, nevada, that mitt romney cannot get to 270 electoral votes without taking a very, very unlikely state away. so this is a very important place, just as ohio is important to president obama, and the closing argument that mitt romney is making is the one that has been his go-to for the entire year, which is look at the record, look at what barack obama said he was going to do, look at what he's done while the president is trying to make a recovery...
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Nov 7, 2012
11/12
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north dakota, nevada, new mexico and wisconsin. if that were to hold and a lot of those are too close to call, that means you end up with a senate that has 54 democrats and two independents. bernie sanders and angus king, the newly elected independent from the state of maine. there would be 56 senate democratic votes. mitt romney has structured a very flawed campaign you have mitt romney they say if you are your own lawyer, that's not a good idea. it is a terrible idea. they had a very inefficient structure, a confused message. dealing with a candidate. they were shocked at his first debate performance which was a masterful debate performance. recognizing the irony of mitt romney -- the business guy -- the way one person described it was mitt romney was a product. as a result of that, you never have clear lines of authority and accountability. >> from the reporting, chris stevens said that they are two very different guys. you know, mitt romney is a ceo type. stevens is a free spirit. it is interesting. it is interesting and frustr
north dakota, nevada, new mexico and wisconsin. if that were to hold and a lot of those are too close to call, that means you end up with a senate that has 54 democrats and two independents. bernie sanders and angus king, the newly elected independent from the state of maine. there would be 56 senate democratic votes. mitt romney has structured a very flawed campaign you have mitt romney they say if you are your own lawyer, that's not a good idea. it is a terrible idea. they had a very...
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Nov 27, 2012
11/12
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FBC
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minute the housing market getting a boost from china chinese buyers are grabbing holmes a california and nevada by foreclosed homes but some are luxury residences. chinese buyers accounted for 74 billion the sheer the second largest foreign buyer of loathsome the country. the mexico plan from the peanut butter recall has been shut down. the breeding ground from seven outbreak the fda noted there was a history of violations that led to the decision and" end quote. vacation index brings good news. prices are up 1.1%. there of 20% from one year-ago. las vegas is up but they're still below the 2000 levels. he would be fired with any other line of business. why is two 1/2 minstar still on the show why he called it fills? dennis: the winners and losers and how you can profit. >> we have some names moving on the nasdaq. [ male announcer ] you are a business pro. governor of getting it done. you know h to dance... with a deadline. and you...rent from national. because only national lets you choose any c in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. th
minute the housing market getting a boost from china chinese buyers are grabbing holmes a california and nevada by foreclosed homes but some are luxury residences. chinese buyers accounted for 74 billion the sheer the second largest foreign buyer of loathsome the country. the mexico plan from the peanut butter recall has been shut down. the breeding ground from seven outbreak the fda noted there was a history of violations that led to the decision and" end quote. vacation index brings good...
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Nov 27, 2012
11/12
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FOXNEWSW
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latin americans like florida, mexicans to texas, asians to nevada and california. among the chinese about 40% are buying homes as an investment. others to live here or their kids to live here. mainland china has almost one million millionaires, and nearly half say they want to invest in the u.s. >> it's a sign of their status, you know? you can show off to your friends or family that i can buy something overseas. not everybody can do it. >> reporter: so the big picture nationally, jon, after crashing in prices are back to levels we saw in 2003 before the so-called housing bubble. back to you. jon: william la jeunesse, thank you. and we'll be right back. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives,
latin americans like florida, mexicans to texas, asians to nevada and california. among the chinese about 40% are buying homes as an investment. others to live here or their kids to live here. mainland china has almost one million millionaires, and nearly half say they want to invest in the u.s. >> it's a sign of their status, you know? you can show off to your friends or family that i can buy something overseas. not everybody can do it. >> reporter: so the big picture nationally,...
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president obama has left wisconsin for nevada. then he is off to colorado. the handful of swing states see awful lot of candidates next five days. the obama campaign aides describe the campaign speeches as the first of his closing arguments stressing his administration has more work to do. the governor romney argues that the president's rhetoric makes it clear he is out of ideas. >> what you're seeing before your very eyes that the campaign is shrinking and shrinking to smaller things. he is talking about how he will save big bird and playing silly word games with my last name or first and then, attacking moo day in and day out. attacking me doesn't make an agenda. that doesn't get people back to work. >> what the governor is offering sure ain't change. giving more power back to the biggest banks isn't change. leaving millions without health insurance isn't change. >> no!. >> another $5 trillion tax cut that favors the wealthy isn't change. >> fox business has also been watching effects of hurricane sandy on the election especially in swing states. the ohio
president obama has left wisconsin for nevada. then he is off to colorado. the handful of swing states see awful lot of candidates next five days. the obama campaign aides describe the campaign speeches as the first of his closing arguments stressing his administration has more work to do. the governor romney argues that the president's rhetoric makes it clear he is out of ideas. >> what you're seeing before your very eyes that the campaign is shrinking and shrinking to smaller things. he...
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Nov 21, 2012
11/12
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mexico will get some badly needed water storage capacity from lake knead, california, arizona, and nevada will buy water back from mexico to use the money to upgrade their canals and other infrastructure. joe scarborough has issued a semi apologize for mocking nate silver's predictions. scarborough's new op-ed is on "politico"'s website today. it's not quite a full apology, but scarborough does say in the end, silver was right. more john fugelsang coming up. stay with us. ♪ created ad message for little caesars who proudly salutes unites states veterans everywhere. >> hi, i'm rick loz. i joined the united states air force in 1987. as i was leaving the service i went into a civilian career for a little bit but i was looking for a little bit more than what the civilian career had to offer me and that's when learned about the little caesars veterans program. the little caesars veterans program helps the veterans transition to civilian life. they give them credits and discounts on the things that they are going to need to help open a new store. it was a program that they were just starting
mexico will get some badly needed water storage capacity from lake knead, california, arizona, and nevada will buy water back from mexico to use the money to upgrade their canals and other infrastructure. joe scarborough has issued a semi apologize for mocking nate silver's predictions. scarborough's new op-ed is on "politico"'s website today. it's not quite a full apology, but scarborough does say in the end, silver was right. more john fugelsang coming up. stay with us. ♪ created...
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Nov 21, 2012
11/12
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it will end its flights between oakland and reno, nevada. the -- >>> southwest will end its flights between oakland and reno. >> nevada. recently, those flights have only been 55% full. they are the main tearier at reno airport. alaska and united will continue their flights between reno and the bay area. >>> 7:47. not everyone will fly or drive this thanksgiving holiday. some people hope to avoid the crush by taking the train. but amtrak does expect many more passengers than normal. beginning today it is adding extra trains to the san joaquin and the capital corridor to handle the increased ridership expected this weekend. >>> the construction of the new bay bridge span has reached a new milestone. crews have just finished transferring the weight of the bridge from a temporary platform to a single mile long cable. that means the span now officially holds its own weight. when completed, the bay bridge will be the longest suspension bridge of its kind in the world. it is set to open next labor day. >>> 7:48. well, president obama is back at th
it will end its flights between oakland and reno, nevada. the -- >>> southwest will end its flights between oakland and reno. >> nevada. recently, those flights have only been 55% full. they are the main tearier at reno airport. alaska and united will continue their flights between reno and the bay area. >>> 7:47. not everyone will fly or drive this thanksgiving holiday. some people hope to avoid the crush by taking the train. but amtrak does expect many more passengers...
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the two interviews in iowa, colorado, nevada, washington, d.c. that will be virginia interview for him. same going on with the romney campaign. they are actively campaigning all the way up to the very end here. there is sense of optimism among the obama campaign. they say they have had small yet consistent leads in many battleground states. they think it will carry them through the night. they're putting the final touches what will be the election night party here at mccormick place, the convention center in downtown chicago. president obama will be here later this evening. they hope this party will turn into a celebration. we'll know in a few hours whether that is true or not or whether this will go on the next few days. back to you. lori:. tracy: rich is from new jersey. he has the skepticism about him. >> oh, yeah. tracy: i'm so skeptical. i think we have a week before we know. what do i know? >> i packed enough for about a week, tracy. brought a lot of ties with me. tracy: not just the sicilian thing. new jerseyians in general we're skeptics.
the two interviews in iowa, colorado, nevada, washington, d.c. that will be virginia interview for him. same going on with the romney campaign. they are actively campaigning all the way up to the very end here. there is sense of optimism among the obama campaign. they say they have had small yet consistent leads in many battleground states. they think it will carry them through the night. they're putting the final touches what will be the election night party here at mccormick place, the...
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Nov 7, 2012
11/12
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just like nevada. the republican state until there was this large growth of hispanics. >> pelley: we're told that the president's motorcade has arrived at mccormick place and we presume that the president is back stage preparing his remarks. >> he may not have written a big speech. >> pelley: speech in hand, he may be going over it before he steps out. we expect him any moment and nancy cordes is at mccormick place for us tonight. nancy. >> scott we know the president has arrived because we started to see some of his senior staffers piled in. we saw whitehouse chief of staff, we saw his press secretary and we saw some of the president's friends dating back to high school who have been with him on this final leg of his final campaign just keeping him company, trying to keep it real for him as he flies from rally to rally while also trying to do his day job as president of the united states. so i spotted mike ramos, a good friend of his from punaho high school in ey hawaii. other buddies as well whose jo
just like nevada. the republican state until there was this large growth of hispanics. >> pelley: we're told that the president's motorcade has arrived at mccormick place and we presume that the president is back stage preparing his remarks. >> he may not have written a big speech. >> pelley: speech in hand, he may be going over it before he steps out. we expect him any moment and nancy cordes is at mccormick place for us tonight. nancy. >> scott we know the president...
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Nov 28, 2012
11/12
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highest amount of economic freedom and the states with the highest amount of freedom are delaware and nevada and south dakota and illinois and georgia and nebraska and utah. what are they doing rightt. >> the main index measures the size of government and taxation and labor market regulation in those states. they are having a smaller government that puts a smaller burden on the people than new mexico and west virginia and mississippi of the united states . the result is, those states tend to be richer on average than the states that regulate economic freedom away more. >> steve: you mentioned the states with the lowest economic freedom and we'll put that map up as well you touched on them a couple of moments ago. bad news for the people of the united states. canada is eing us? >> yes, people associate the united states as one of the freer nations of the world. this is changing in particular over the last 10 years. with perspect, it is the case of the tallest dwarf. we could be more heck than we always have been. but relative to the nations of the world we are declining rapidly. the united st
highest amount of economic freedom and the states with the highest amount of freedom are delaware and nevada and south dakota and illinois and georgia and nebraska and utah. what are they doing rightt. >> the main index measures the size of government and taxation and labor market regulation in those states. they are having a smaller government that puts a smaller burden on the people than new mexico and west virginia and mississippi of the united states . the result is, those states tend...